The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-26
CONDITION CT THE MARKETS,
A Marked Decline in Wheat, Caused by
the Unfavorable News from Abroad.
Corn Heavy and lower, in sympathy with
Wheat-0ats Trifle Lower-Provision
Less Active, with an Easier Tone.
MONEY, BONDS AND STOCKS.
a Bnoyant and Excited Market, Acoompani.

Buoyant and Excited Market, Accompanied
by Higher Prices.
NEW YORK, Jan. 25.-Money on call was
easy at 214a per cent, closing at 81
Prime mercantile paper CAT per cent
Sterling exchange was firm but dull at 81. 83a
for sixty-day bills, and "a 81 for demand.
The total sales of stocks to-day were 800, 637
shares, including the following: Canada South
ern. $500; Delaware. Lackawanna s. Western,
4O,440; Erie, 1850; Kansas & Texas 3,275;
Lake Shore, II ,087; Louisville & Nashville, 49,
ZIG; Northwestern, 5,750; New Jersey Central,
1880; NewYork Central, 3,1OO; Peoria, Decatur
81 Evansville, 1850; Reading 103, 270; st. Paul,
1850; St. Paul & Omaha. 1910; Texas Pacific,
3.4l5; Union Pacific. 6,s4s; Western Union, 49,
400; Wabash Pacific. 5000; Oregon & Transcon-
tinental, 1920; Hooking Valley, $40
Government bonds were dull and rather heavy.
State bonds were dull and steady.
The stock market offered a violent contrast to
that Of yesterday, and in place of weakness,
strength, aud even buoyancy. developed. Lon
don recovered from its war scare over night and
early ad ices reported the market there again
strong and active. AS a consequence, the Lon
don hous es heavy bidders for stock this
morning The "shorts" and room-traders were
also buying, and buoyant and excited opening
was followed by still higher prices in the early
dealings After the first few minutes, how
ever, the rush to buy was ended and the
market quieted down, but remained generally
firm throughout the day The news of the
day was generally of q favorable character, the
principal items being order to restore east
bound rates from Chicago and the assertion that
the Lackawanna company moving coal
freely. The advces from the other side contin.
ned pacific, and there was no disposition shown
to SELL The opening was very strong, FIRST prices
showing advances over last evenings final figures
of from to II generally, while among the in
active stocks the gains ranged up TO per cent.
About half of the active list showed advances
Of per cent and-over. The early advances were
in many cases lost with something in addition,
after which the market settled down with firm
undertone, and prices slowly but steadily ad-
vanced. though subject to one or two insignifi
cant reactions The close was quiet and about
steady at better than the opening figures. Sales,
Dos. CAT shares.
The railroad bond market showed little
more business, which, however, was chiefly due
10 the increased activity in the Texas Pacific
Rio trust receipts, the sales Of which were
$43200 out of a total days business of
Sl,451, 900 The market was quiet, but inclined
to weakness during she forenoon, after which
there was a general recovery, and at the close.
which WAS Arm, majority of issues showed ad
Wabash general certificates rose 3, to
81 Rock Island registered skies declined 3, to
100. Closing quotations were: